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The government’s flagship immigration policy, known as the Rwanda plan, is hanging in the balance this morning after the highest court in the land found it to be unlawful.

But what is the scheme? Why is it so controversial? And how has it ended up in the judicial system?

The Rwanda plan was first proposed by Boris Johnson back in April 2022 as the government came under increasing pressure to tackle the growing number of small boats crossing the Channel.

The then prime minister outlined his policy that would see anyone arriving in the country illegally deported to the east African nation.

Those who successfully applied for refugee status when there would then be given the right to remain in Rwanda – not return to the UK.

But if their claim was unsuccessful, they could then be removed to their country of origin.

The deal, signed by the home secretary at the time, Priti Patel, and her Rwandan counterpart, cost the government £120m.

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Boris Johnson: ‘We must defeat people smugglers’

Mr Johnson said it would help deter people from making the dangerous crossing to the UK and tackle the “barbaric trade in human misery” caused by people traffickers.

Opposition parties and charities deemed the plan “cruel and nasty”, and claimed the policy would break international human rights laws.

There were even reports that the King – then the Prince of Wales – was a critic of the scheme.

But the government pushed ahead, with the first flight to Kigali set to take off in June 2022.

Come the day, there were only seven asylum seekers on board the plane.

Numerous court cases were launched by refugee charities, as well as the Public and Commercial Services union, ahead of take-off, calling the policy “inhumane” and demanding the deportations were stopped.

Protesters also tried to stop the flight, locking themselves together with metal pipes and blockading exits of the Colnbrook Immigration Removal Centre at Heathrow, where the migrants were believed to be held.

However, judges in the UK ruled the seven people could be deported, saying there had been an “assurance” from the government that if the policy was found to be unlawful at a later stage, steps would be taken to bring back any migrants.

This didn’t stop further last-minute legal challenges to prevent take-off though.

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Labour’s Sir Keir Starmer dubbed the government’s Rwanda plan a ‘gimmick’.

In the end, the European Court of Human Rights (ECHR) issued injunctions to halt the deportations altogether, leaving the plane grounded on a Ministry of Defence runway.

The government said it would appeal against the ruling, with Tory MPs angered that a European court could overrule the decision of English judges.

But campaigners said it showed the “inhumanity” of the plan for the human rights watchdog to intervene.

In the months that followed, there was a change in government, with Liz Truss taking the keys to Number 10 and Suella Braverman heading up the Home Office.

Both women stood by the Rwanda plan and, even when Ms Truss was ousted weeks later, her successor Rishi Sunak also gave it his backing.

The ruling of the EHRC – which ensures the European Human Rights Convention is adhered to – was still fresh in the minds of Tory backbenchers, as they saw it as holding up the policy they believed would stop the boats.

And it led to a number of calls for the UK to leave the convention, though they appeared to remain in the minority.

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Suella Braverman is a vocal advocate of the Rwanda policy

The plan itself headed back to the courts as campaigners tried a new tactic to stop it in its tracks, launching a judicial review on the Home Office’s assessment of Rwanda as a safe third country.

The government doubled down on its belief in the scheme – with Ms Braverman telling the Conservative Party conference it was her “dream” to see flights take off.

And come December of 2022, that dream looked closer to reality, as the High Court ruled in the favour of ministers, saying the scheme did not breach either the UN’s Refugee Convention or human rights laws, and that Rwanda was a “safe third country” for migrants to be sent to.

But the legal battle was far from over.

Campaigners were then allowed to appeal the ruling in the Court of Appeal, and the three sitting judges overturned the High Court’s decision.

Lord Chief Justice Lord Burnett concluded Rwanda was not a safe place for people to be housed while their asylum claims were processed, adding: “The result is that the High Court’s decision that Rwanda was a safe third country is reversed, and unless and until the deficiencies in its asylum process are corrected, removal of asylum seekers will be unlawful.”

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The Court of Appeal ruled against the government

The government was outraged, with the prime minister saying he “fundamentally disagreed” with the ruling, and would do “whatever is necessary” to get the removal flights going.

The anger of Ms Braverman and her right-wing supporters also grew, with further demands to leave the ECHR, and others calling for the human rights convention to be overhauled.

The government got approval to appeal that ruling and, as a result, it was sent to the Supreme Court.

The judgment delivered by the Supreme Court President Lord Rees found that the Court of Appeal had been right to overturn the original decision of the High Court.

He said the justices had unanimously concluded those sent to the country would be at “real risk” of being returned home, whether their grounds to claim asylum were justified or not.

The full judgment said those sent to Rwanda would be at risk of re-foulement – where a refugee is returned to their country of origin where there is a substantial risk they could be subjected to torture.

The court ruling said the principle of re-foulement is not just a breach of the European Human Rights Convention, but a number of other international treaties.

Mr Sunak said ministers would now “consider next steps”.

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French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

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French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

French crypto entrepreneurs to receive extra security amid recent kidnappings: Report

Crypto entrepreneurs and their families in France will receive enhanced security measures amid a recent rise in crypto-related kidnappings in the country, Politico reported.

According to the May 16 report, the measures include priority access to police emergency lines, home security assessments, and safety briefings from French law enforcement to ensure best practices are being followed.

France’s Interior Minister Bruno Retailleau introduced the security measures as part of a broader effort to counter the recent wave of attacks.

“These repeated kidnappings of professionals in the crypto sector will be fought with specific tools, both immediate and short-term, to prevent, dissuade and hinder in order to protect the industry.”

Law enforcement officers will also undergo “anti-crypto asset laundering training,” Retailleau noted.

Retailleau met with several local leaders from the crypto industry to discuss the measures following three crypto-related kidnapping incidents in recent months.

Two kidnappings and a failed attempt in France this year

The latest incident occurred on May 13, when assailants attempted to abduct the daughter and grandson of Pierre Noizat, CEO of the French crypto platform Paymium. Fortunately, they managed to fend off the attack, which occurred in broad daylight. 

The assailants tried to force the pair into a waiting van, but Noizat’s daughter managed to take one of the guns off an assailant and throw it away, local police said.

On May 3, Paris police freed the father of a crypto entrepreneur who was held for several days in connection with a 7 million euros ($7.8 million) kidnapping plot.

Related: SEC hacker sentenced to 14 months in prison

In January, the co-founder of crypto hardware wallet provider Ledger, David Balland, was abducted from his home in central France during the early hours of Jan. 21. He was held captive until a police operation on the night of Jan. 22 secured his release.

Retailleau said earlier this week that he believes the incidents were likely connected.

There have been over 150 crypto-related robbery or kidnapping incidents since 2014, with 23 of those incidents occurring in 2025 alone, according to a GitHub database maintained by Bitcoin cypherpunk Jameson Lopp.

Lopp noted many of these criminals typically identify future victims through social media posts, public conversations, meetups, and conferences.

He strongly advises against peer-to-peer trades — particularly with people you don’t trust — flaunting wealth on social media and wearing crypto-branded clothing.

Magazine: Binance Wallet ‘killing’ MetaMask and airdrops, Chinese RWA tokens

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Bitcoin breaks out while Coinbase breaks down: Finance Redefined

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Bitcoin breaks out while Coinbase breaks down: Finance Redefined

Bitcoin breaks out while Coinbase breaks down: Finance Redefined

News broke on May 15 that Coinbase was the target of a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data for social engineering scams.

While less than 1% of Coinbase’s active monthly users were reportedly affected, the expected remediation and reimbursement expenses range from $180 million to $400 million, as the exchange pledged to repay all phishing attack victims.

Despite the attack on the world’s third-largest cryptocurrency exchange, investor sentiment remains optimistic, with the Fear & Greed Index remaining firmly in the “Greed” zone above 69, according to CoinMarketCap data.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Fear & Greed Index, 30-day chart. Source: CoinMarketCap

Adding to investor optimism, Coinbase saw over $1 billion worth of Bitcoin withdrawn on May 9, marking the highest net outflow recorded in 2025 so far, triggering analyst predictions of a supply-shock driven Bitcoin rally.

Coinbase faces $400 million bill after insider phishing attack

Coinbase was hit by a $20 million extortion attempt after cybercriminals recruited overseas support agents to leak user data, the company said on May 15.

Coinbase said a group of external actors bribed and coordinated with several customer support contractors to access internal systems and steal limited user account data.

“These insiders abused their access to customer support systems to steal the account data for a small subset of customers,” Coinbase said, adding that no passwords, private keys, funds or Coinbase Prime accounts were affected.

Less than 1% of Coinbase’s monthly transacting users’ data was affected by the attack, the company said.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Source: Coinbase

After stealing the data, the attackers attempted to extort $20 million worth of Bitcoin (BTC) from Coinbase in exchange for not disclosing the breach. Coinbase refused the demand.

Instead, the company offered a $20 million reward for information leading to the arrest and conviction of those responsible for the scheme.

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$1 billion Bitcoin exits Coinbase in a day as analysts warn of supply shock

Institutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9.

On May 9, Coinbase saw 9,739 Bitcoin, worth more than $1 billion, withdrawn from the exchange, the highest net outflow recorded in 2025, according to Bitwise head of European research André Dragosch.

“Institutional appetite for Bitcoin is accelerating,” Dragosch added in a May 13 X post.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Source: André Dragosch

The outflow occurred as Bitcoin traded above $103,600 and just days after the White House announced a 90-day reduction in reciprocal tariffs between the US and China, easing market concerns and lifting broader investor sentiment.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Joint statement on US-China meeting in Geneva. Source: The White House

The 90-day suspension of additional tariffs removed the risk of “sudden re-escalation,” which may help Bitcoin, altcoins and the wider stock market rally due to improved risk appetite, Nansen’s principal research analyst, Aurelie Barthere, told Cointelegraph.

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DeFi lender Aave reaches $40 billion in value locked onchain

Aave, a decentralized finance (DeFi) protocol, has reached a new record of funds onchain, according to data from DefiLlama.

In an X post, Aave said it topped $40.3 billion in total value locked (TVL) on May 12. Onchain data reveals that Aave v3, the latest version of the protocol, has about $40 billion in TVL.

Aave is a DeFi lending protocol that lets users borrow cryptocurrency by depositing other types of cryptocurrency as collateral. Meanwhile, lenders earn yield from borrowers. 

“With these milestones, Aave is proving its dominance in the Lending Space,” DeFi analyst Jonaso said in a May 12 X post. TVL represents the total value of cryptocurrency deposited into a protocol’s smart contracts. 

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Aave v3’s TVL over time. Source: DefiLlama

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SEC delays Solana ETF as decisions for Polkadot, XRP loom

The US Securities and Exchange Commission (SEC) pushed back its decision on a proposed spot Solana exchange-traded fund (ETF), with the cryptocurrency industry now looking to the deadlines for the Polkadot and XRP-based ETFs in June.

The SEC delayed its decision on listing Grayscale’s spot Solana (SOL) Trust ETF on the New York Stock Exchange (NYSE) to October 2025, according to a May 13 filing by the securities regulator.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Delay on Grayscale’s Solana ETF. Source: SEC

The decision came the week after the SEC delayed its ruling on Canary Capital’s Litecoin (LTC) ETF, Bloomberg Intelligence analyst James Seyffart wrote in a May 5 X post.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Source: James Seyffart

Spot ETFs are key drivers of liquidity and institutional adoption for digital assets. For Bitcoin, the US spot Bitcoin ETFs accounted for an estimated 75% of new investment after launching, which helped BTC recapture the $50,000 mark in February 2024, a month after the ETFs debuted for trading.

While a Solana ETF may generate only a fraction of the inflows of Bitcoin ETFs, it could increase Solana’s institutional adoption in the long term by offering investors a “regulated investment vehicle” that may still attract billions of dollars in capital, Ryan Lee, chief analyst at Bitget Research, told Cointelegraph.

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Starknet hits “Stage 1” decentralization, tops ZK-rollups for value locked

Ethereum layer-2 scaling platform Starknet has reached a decentralization milestone laid out by Ethereum co-founder Vitalik Buterin and is now the largest zero-knowledge rollup-based network by total value locked.

Starknet said in a news release shared with Cointelegraph that it has hit “Stage 1” decentralization, according to a framework Buterin laid out in 2022, which means the network operates with limited oversight or “training wheels.”

Starknet added that the framework was the “gold standard onchain tool for analyzing Ethereum scaling solutions,” and said it achieved the milestone through changes such as creating a security council and censorship-avoidance mechanisms. 

While the system still allows intervention from a security council, it has implemented a fully functional validity proof system governed by smart contracts.

Starknet is now the only layer-2 ZK-rollup network to have reached Stage 1 and has grown to be the largest ZK-rollup blockchain with a total value locked of $629 million, just ahead of ZKsync’s $610 million, according to L2beat. 

Starknet is the fifth-largest layer-2 network by value locked, with the top four all Optimistic rollup-based, having reached Stage 1 decentralization using fraud proofs. 

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DeFi market overview

According to data from Cointelegraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies by market capitalization ended the week in the green.

Solana-based memecoin Dogwifhat (WIF) rose over 43% as the week’s biggest gainer, followed by decentralized exchange Raydium’s (RAY) token, up nearly 19% over the past week.

Bitcoin breaks out while Coinbase breaks down: Finance Redefined
Total value locked in DeFi. Source: DefiLlama

Thanks for reading our summary of this week’s most impactful DeFi developments. Join us next Friday for more stories, insights and education regarding this dynamically advancing space.

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MPs criticise terminally ill Esther Rantzen’s assisted dying intervention

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MPs criticise terminally ill Esther Rantzen's assisted dying intervention

Terminally ill journalist Dame Esther Rantzen was branded “disrespectful” and “insulting” by MPs during a debate on the assisted dying bill.

The broadcaster and Childline founder wrote to all MPs ahead of Friday’s Commons’ debate urging them to vote for what she called a “crucial reform”.

MPs were voting on amendments made to the bill – the report stage – following months of a committee going line by line through it after being introduced last year by Labour MP Kim Leadbeater.

The bill says people with six months to live who have the mental capacity can request medical assistance to legally end their life.

Dame Esther, who has stage four lung cancer, suggested many MPs who opposed the bill have “undeclared personal religious beliefs which mean no precautions would satisfy them”.

Campaigners opposing the assisted dying legislation demonstrate outside the Palace of Westminster.
Pic:PA
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Campaigners opposing the legislation demonstrated outside parliament. Pic: PA

However, in a highly charged Commons session, some MPs took umbrage with that.

Labour MP Florence Eshalomi, who is a Christian and voted against the bill the first time, told the Commons: “This is frankly insulting to disabled people, hard working professionals up and down the country, who have raised many valid concerns about this bill, to have it dismissed as religious beliefs.”

Jess Asato, a Labour MP who, as a child, cared for her grandmother with serious health problems, said Dame Esther “accused those of us who have concerns about the bills as having undeclared religious beliefs”.

“Many colleagues found this distasteful and disrespectful,” said the MP, who previously voted against the bill.

Health Secretary Wes Streeting, who voted against the bill last year, backed Ms Asato’s criticism as he retweeted her X post saying Dame Esther’s comment about faith was “particularly distasteful”.

Ms Asato’s Commons comment was met with agreement by many MPs who said: “Hear, hear.”

Read more:
What is in the assisted dying bill?
Requirement for High Court judge scrapped

Pro-assisted dying campaigners outside Parliament on the eve of the latest debate. Pic: AP
Image:
Pro-assisted dying campaigners outside parliament on the eve of Friday’s debate. Pic: AP

‘Clumsy criticism’

Conservative MP Dr Kieran Mullan said there had been some “unhelpful remarks by high profile campaigners”, and while he is not religious he was “concerned to see a clumsy criticism” that those objecting to the bill are doing so because of their “religious beliefs”.

In a dig at Dame Esther’s comments, Rebecca Paul, Tory MP for Reigate, said she is not against assisted dying “in principle” but is against the bill – and wanted to put on the record: “I have no personal religious beliefs.”

The debate saw some MPs on the verge of tears as they described their own experiences of having debilitating conditions, or having family members in pain.

MPs do not have to vote along party lines for the bill.

Kim Leadbeater MP defends changes to Assisted Dying Bill
Image:
Kim Leadbeater is the MP who introduced the bill

How did MPs vote?

An amendment tabled by Ms Leadbeater, which “expands the protection” for medical practitioners to clarify they have “no obligation” to be part of an assisted death was passed by MPs.

It also provides legal protections for medical professionals to ensure they are not subject to any kind of punishment for refusing to carry out an assisted death.

Another new clause to allow employers to impose a blanket ban on staff facilitating an assisted death was rejected.

Since the bill was first introduced, there have been significant changes, including the replacement of a High Court judge to sign assisted dying off by a three-member expert panel – on top of two doctors having to approve.

The time at which assisted dying would come into effect was doubled to four years from when it becomes law, if voted through.

Medical colleges pull support

Opponents have argued the bill does not have enough safeguards and is being rushed through.

Three days before the debate, the Royal College of Psychiatrists pulled its support for the bill over the change that will mean a psychiatrist must be on the panel that decides if someone can die.

The next day, the Royal College of Physicians (the largest college) adopted a similar position.

However, supporters argue it is time to change the law, with Ms Leadbeater saying: “If we do not vote to change the law, we are essentially saying that the status quo is acceptable.”

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